2,108 sq ft Warehouse & Industrial, Investments, For Sale
|Property Type||Warehouse & Industrial, Investments|
|Size||2,108 sq ft|
|Business Rates||£8,640, per annum, (based on rateable value of £18,000)|
|Energy Performance Rating||This property has been graded as 56 C|
The property is situated on the north side of Bennet Road, close to its junction with the A33.
Junction 11 of the M4 motorway lies approximately 1 mile to the south, whilst Reading Railway Station lies approximately 2.5 miles to the north providing direct train services to London Paddington.
Road communications are excellent with London, Heathrow Airport, the surrounding area and the national motorway network all being easily accessible.
The premises comprise a modern refurbished self-contained two-storey mid-terrace business unit of traditional block construction with steel profile clad elevations. The property also benefits from ample on-site parking.
The ground floor comprises of offices and/or a production facility with a minimum eaves height of 10’ 6”. The first floor has been fitted out to provide modern open plan office accommodation.
We understand the gross internal floor areas (GIA) are as follows;
|Floor||sq ft||sq m|
|Ground Floor Office / Store||1,054||97.90|
The property is held by way of a 125 year long-leasehold interest, expiring on 31st October 2113.
Let for 4 years on an FRI lease from 26/04/2015 to Advanced Computer Technology Systems Limited at £18,750 per annum exclusive.
The lease has been granted outside of the Security of Tenure Provisions of the Landlord and Tenant Act 1954.
Each party to pay their own legal costs.
The property is not elected for VAT and therefore VAT is not payable on the purchase price.
The property is available at a sale price of £275,000.
This level based on the current income reflects a NIY of 7.5%.
Please contact the sole agent for further information or an appointment to view.
Note: In accordance with RICS guidelines, we declare that this property is owned by a Partner of Haslams Chartered Surveyors.